Price Downey Family Foundation
- Assets
- $684.5k
- Revenue
- $74.0k
- Investments
- $671.4k
- Employees
- 0
- Location
- Norwalk, OH
- Founding
- Data as of
- 04/2024
- EIN
- 81-3714072
Organization Overview
Price Downey Family Foundation is located in Norwalk, OH. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Price Downey Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2024, Price Downey Family Foundation generated $74.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $93.4k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Price Downey Family Foundation has awarded 61 individual grants totaling $109,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES CONTRIBUTION TO 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick F Downey President/se | 2 | $10,000 | |
Stewart F Downey Vice Pres | 2 | $7,000 | |
Anne D Buckland Vice Pres | 1 | $7,000 | |
Katherine Downey Vice Pres | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,796 |
| Capital Gain Net Income | $57,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $270 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,500 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,698 |
| Contributions, gifts, grants paid | $44,700 |
| Total expenses and disbursements | $93,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,144 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $684,532 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Price Downey Family Foundation has awarded $44,700 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANSWERING THE CALL TOGETHER PURPOSE: GENERAL | $100 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL | $1,000 |
COMMUNITY FOUNDATION OF JACKSON PURPOSE: GENERAL | $5,000 |
FIRELANDS HISTROCIAL SOCIETY PURPOSE: GENERAL | $10,500 |
DUCKS UNLIMITED PURPOSE: GENERAL | $2,500 |
HGG BOOKS PURPOSE: GENERAL | $2,000 |